New York, NY
(October 19, 2011) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets as a lead arranger for the financing of Permira Funds $455 million acquisition of Renaissance Learning.
The financing consists of a revolving credit facility of $20 million, a first lien term loan facility of $175 million and a second lien term loan facility of $75 million.
Leveraged finance partner Michael Baker
led the Paul Hastings team, which also included associates Edward Holmes
and Ryan Russell
. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.